Gentherm Cuts FY23 Revenue Guidance From $1.45B - $1.55B To $1.45B - $1.47B Vs. $1.5B Est.
Portfolio Pulse from Benzinga Newsdesk
Gentherm has reduced its FY23 revenue guidance from $1.45B - $1.55B to $1.45B - $1.47B, which is below the estimated $1.5B.
October 26, 2023 | 10:09 am
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NEGATIVE IMPACT
Gentherm's lowered revenue guidance for FY23 may negatively impact its stock price in the short term.
Gentherm's lowered revenue guidance for FY23 is a negative signal to investors, indicating that the company may not perform as well as previously expected. This could lead to a decrease in demand for the stock and a subsequent drop in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100